Allocating Pensions To Younger People

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Allocating Pensions to Younger People

Gregory Ponthiere
Allocating Pensions to Younger People Book PDF

Author : Gregory Ponthiere
Publisher : Unknown
Page : 0 pages
File Size : 42,7 Mb
Release : 2023
Category : Electronic
ISBN : 3031247493

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Allocating Pensions to Younger People by Gregory Ponthiere Pdf

This book takes as a starting point that welfare states in developed societies do not provide systems of social insurance against the risk of an early death. In contrast to the way in which economically developed countries provide ways of insuring citizens against other possibilities, such as unemployment and disease, no such social insurance mechanism exists for early death. It aims to demonstrate that, despite the impossibility to compensate the victims of a short life once they are identified, and despite the impossibility to identify the persons who will be short-lived (when they are still alive), it is nonetheless possible to construct a social insurance against the risk of a short life by means of age-based statistical discrimination favouring all young persons. Combining philosophical literature with economic analysis, the book re-examines the ethical foundations of social insurance, and proposes a major reform of the welfare state: the construction of a social insurance against a short life. It shows how such an insurance system could be constructed by partially 'reversing' existing pension systems, by offering a period of retirement to all young adults before they start their career. Such a 'reversed' pension system would allocate more free time and opportunities to younger members of society before they enter the labour market, and, hence, this system would also improve the lives of the - unidentified - young persons who will turn out to die prematurely. The book discusses the social desirability of this new system, as well as its financial feasibility and societal consequences, examining how pension allowances paid to young adults may be financed by the work of senior workers. As such, this book demonstrates how the universal uncertainty about the duration of life can be reconciled with the idea of social justice. With an accessible and interdisciplinary approach, this book will be of interest to academics working in a range of fields, including economics, public finance, social insurance, the economics of ageing and the welfare state, economic ethics and political philosophy. Gregory Ponthiere is a Professor of Economics and Philosophy at the Université catholique de Louvain, Hoover Chair in Economic and Social Ethics. .

Allocating Pensions to Younger People

Gregory Ponthiere
Allocating Pensions to Younger People Book PDF

Author : Gregory Ponthiere
Publisher : Springer Nature
Page : 137 pages
File Size : 42,8 Mb
Release : 2023-03-28
Category : Business & Economics
ISBN : 9783031247484

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Allocating Pensions to Younger People by Gregory Ponthiere Pdf

This book takes as a starting point that welfare states in developed societies do not provide systems of social insurance against the risk of an early death. In contrast to the way in which economically developed countries provide ways of insuring citizens against other possibilities, such as unemployment and disease, no such social insurance mechanism exists for early death. It aims to demonstrate that, despite the impossibility to compensate the victims of a short life once they are identified, and despite the impossibility to identify the persons who will be short-lived (when they are still alive), it is nonetheless possible to construct a social insurance against the risk of a short life by means of age-based statistical discrimination favouring all young persons. Combining philosophical literature with economic analysis, the book re-examines the ethical foundations of social insurance, and proposes a major reform of the welfare state: the construction of a social insurance against a short life. It shows how such an insurance system could be constructed by partially ‘reversing’ existing pension systems, by offering a period of retirement to all young adults before they start their career. Such a ‘reversed’ pension system would allocate more free time and opportunities to younger members of society before they enter the labour market, and, hence, this system would also improve the lives of the – unidentified – young persons who will turn out to die prematurely. The book discusses the social desirability of this new system, as well as its financial feasibility and societal consequences, examining how pension allowances paid to young adults may be financed by the work of senior workers. As such, this book demonstrates how the universal uncertainty about the duration of life can be reconciled with the idea of social justice. With an accessible and interdisciplinary approach, this book will be of interest to academics working in a range of fields, including economics, public finance, social insurance, the economics of ageing and the welfare state, economic ethics and political philosophy.

Aging and the Macroeconomy

National Research Council,Division of Behavioral and Social Sciences and Education,Committee on Population,Division on Engineering and Physical Sciences,Board on Mathematical Sciences and Their Applications,Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population
Aging and the Macroeconomy Book PDF

Author : National Research Council,Division of Behavioral and Social Sciences and Education,Committee on Population,Division on Engineering and Physical Sciences,Board on Mathematical Sciences and Their Applications,Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population
Publisher : National Academies Press
Page : 230 pages
File Size : 50,7 Mb
Release : 2013-01-10
Category : Social Science
ISBN : 9780309261968

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Aging and the Macroeconomy by National Research Council,Division of Behavioral and Social Sciences and Education,Committee on Population,Division on Engineering and Physical Sciences,Board on Mathematical Sciences and Their Applications,Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population Pdf

The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

Golden Aging

Maurizio Bussolo,Johannes Koettl,Emily Sinnott
Golden Aging Book PDF

Author : Maurizio Bussolo,Johannes Koettl,Emily Sinnott
Publisher : World Bank Publications
Page : 360 pages
File Size : 42,5 Mb
Release : 2015-06-23
Category : Business & Economics
ISBN : 9781464803543

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Golden Aging by Maurizio Bussolo,Johannes Koettl,Emily Sinnott Pdf

Societies across Europe and Central Asia are aging, but people are not necessarily living longer. This demographic trend-caused by a decrease in fertility rather than improved longevity-presents both challenges and opportunities for governments, the private sector, and individuals alike. Some of the challenges are well known. Output per capita becomes smaller if it is shared with an increasingly larger group of dependent older people. At a certain point, there may not be sufficient resources to maintain the living standards of this older group, especially if rising expenditures on health care, long-term care, and pensions must be financed through the contributions and taxes paid by ever-smaller younger age groups. Working adults also contribute the most to the pool of savings. As the size of this group shrinks, savings will decline. But these challenges can be transformed into opportunities. Consider these examples: As longevity increases, workers tend to stay in the workforce longer, and, with the right incentives, they will increase their savings. Many current workers, and perhaps even more in the future, will thus not necessarily become dependent once they turn 65. And with slower population growth and smaller young age groups, societies will have an opportunity to improve the quality of education and maintain productivity. Firms in some countries are already adapting by capitalizing on skills that appreciate with age. Cardiovascular diseases account for more than half the difference in life expectancy (above age 50) between the region and Western Europe for men and 75 percent of the corresponding difference for women. Healthier behavior and health systems focused on preventive care could, with no cost increase, dramatically reduce this risk. These opportunities are not to be missed. As populations age, public discourse ranges from concerns about economic decline and fiscal sustainability of pensions and health systems to optimism about opportunities for healthier and more productive aging. The main contribution of Golden Aging is perhaps to show that demography and its consequences are not fixed. Much will depend on how people, firms, and societies adapt and how policy makers and institutions facilitate their behavioral adjustments. The future for Europe and Central Asia does not have to be gray-it can be a golden era of healthy, active, and prosperous aging.

What We Owe Each Other

Minouche Shafik
What We Owe Each Other Book PDF

Author : Minouche Shafik
Publisher : Princeton University Press
Page : 256 pages
File Size : 46,7 Mb
Release : 2022-08-23
Category : Business & Economics
ISBN : 9780691207643

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What We Owe Each Other by Minouche Shafik Pdf

From one of the leading policy experts of our time, an urgent rethinking of how we can better support each other to thrive Whether we realize it or not, all of us participate in the social contract every day through mutual obligations among our family, community, place of work, and fellow citizens. Caring for others, paying taxes, and benefiting from public services define the social contract that supports and binds us together as a society. Today, however, our social contract has been broken by changing gender roles, technology, new models of work, aging, and the perils of climate change. Minouche Shafik takes us through stages of life we all experience—raising children, getting educated, falling ill, working, growing old—and shows how a reordering of our societies is possible. Drawing on evidence and examples from around the world, she shows how every country can provide citizens with the basics to have a decent life and be able to contribute to society. But we owe each other more than this. A more generous and inclusive society would also share more risks collectively and ask everyone to contribute for as long as they can so that everyone can fulfill their potential. What We Owe Each Other identifies the key elements of a better social contract that recognizes our interdependencies, supports and invests more in each other, and expects more of individuals in return. Powerful, hopeful, and thought-provoking, What We Owe Each Other provides practical solutions to current challenges and demonstrates how we can build a better society—together.

Finance for Academics

Ronald A. Francisco
Finance for Academics Book PDF

Author : Ronald A. Francisco
Publisher : Springer Science & Business Media
Page : 139 pages
File Size : 46,9 Mb
Release : 2012-03-27
Category : Business & Economics
ISBN : 9781461432449

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Finance for Academics by Ronald A. Francisco Pdf

​The purpose of this book is to provide a hands-on guide to finance and investment for academics with an objective of providing strategies to maximize income, minimize fees, and legally minimize taxes. There are many risks in finance and investment such as stock market crashes, inflation, corruption, fees and interest rates. This book stresses that stocks and bonds are the mainstay of most investors. Dividend-growth stocks mitigate the risk of inflation. In addition, they cost nothing once they are purchased, unlike mutual funds that have constant fees. The author explains how to find dividend-growth stocks whose payout increase exceeds inflation and how to compound quarterly in order to make projections for future growth in the number of shares or in the value of the capital itself. The author, in addition, discusses the value of bond funds and master-limited partnerships for an investment portfolio. Retirement income is a major concern for senior academics and the median level of retirement savings for those 55 to 64 is only $145,000, which is insufficient. The author stresses the need to mix dividend-growth stocks and closed-end bond funds to fund retirement as well as explains Roth IRAs, 401(k)s and other such tax-free forms of retirement financing. Finally, the book examines financial risks and shows how to mitigate them to the extent possible. This book is a must-have for any professor or academic approaching retirement age or looking to secure their future income.​

Making Reform Happen Lessons from OECD Countries

OECD
Making Reform Happen Lessons from OECD Countries Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 300 pages
File Size : 45,9 Mb
Release : 2010-05-26
Category : Electronic
ISBN : 9789264086296

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Making Reform Happen Lessons from OECD Countries by OECD Pdf

This collection of essays analyses the reform experiences of the 30 OECD countries in nine major policy domains in order to identify lessons, pitfalls and strategies that may help foster policy reform in the future.

Digital Technologies in the Lives of Young People

Chris Davies,John Coleman,Sonia Livingstone
Digital Technologies in the Lives of Young People Book PDF

Author : Chris Davies,John Coleman,Sonia Livingstone
Publisher : Routledge
Page : 128 pages
File Size : 42,7 Mb
Release : 2015-10-14
Category : Education
ISBN : 9781317699880

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Digital Technologies in the Lives of Young People by Chris Davies,John Coleman,Sonia Livingstone Pdf

This book examines the presence and effects of new technologies in the lives of young people. The rapid pace of change in the development and use of digital technologies, and the likely impact this has on youth, means that the topic has wide implications for educational institutions, theory and practice. There is a demand for a concentration on the ways in which new devices such as smart phones and tablets, as well as new platforms and recent notions such as the ‘flipped classroom’, are affecting the way education is being provided. However, there is also still a small minority who do not have full access to the internet, and the disadvantages suffered by this group must also be addressed. The internet offers a vast range of opportunities for young people, and yet for various reasons it is not always available. This can partly be attributed to the controls that schools impose on the use of digital technology, for reasons of safety and security, and can in part be explained by the fact that policy makers have contradictory attitudes to technology. While they may argue for the need to have a well-educated and well-trained workforce, they fear the threats to privacy and safety posed by the internet. This book asserts that society needs to have more open debate about the threats and opportunities of digital technology as it is a dynamic and ever-changing topic for us all. This book was originally published as a special issue of the Oxford Review of Education.

The Future of Saving

Mr.David Amaglobeli,Hua Chai,Ms.Era Dabla-Norris,Mr.Kamil Dybczak,Mauricio Soto,Alexander F. Tieman
The Future of Saving Book PDF

Author : Mr.David Amaglobeli,Hua Chai,Ms.Era Dabla-Norris,Mr.Kamil Dybczak,Mauricio Soto,Alexander F. Tieman
Publisher : International Monetary Fund
Page : 47 pages
File Size : 45,5 Mb
Release : 2019-01-15
Category : Social Science
ISBN : 9781484388990

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The Future of Saving by Mr.David Amaglobeli,Hua Chai,Ms.Era Dabla-Norris,Mr.Kamil Dybczak,Mauricio Soto,Alexander F. Tieman Pdf

This SDN explores how demographic changes have affected and will affect public and private sector savings, highlighting the interaction between pension systems, labor markets, and demographic variables.

The Welfare State in Europe

Marco Buti,Daniele Franco,Lucio R. Pench
The Welfare State in Europe Book PDF

Author : Marco Buti,Daniele Franco,Lucio R. Pench
Publisher : Edward Elgar Publishing
Page : 502 pages
File Size : 50,6 Mb
Release : 1999-11-25
Category : Political Science
ISBN : 9781782542148

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The Welfare State in Europe by Marco Buti,Daniele Franco,Lucio R. Pench Pdf

This is an analyis of the main problems in the functioning of the welfare state and possible actions for its reform. Focusing on the European Union, it looks at the achievements and challenges to the welfare state as we enter the 21st century.

Rights and Responsibilities in Rural South Africa

Kathleen Rice
Rights and Responsibilities in Rural South Africa Book PDF

Author : Kathleen Rice
Publisher : Indiana University Press
Page : 198 pages
File Size : 42,5 Mb
Release : 2023
Category : History
ISBN : 9780253066183

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Rights and Responsibilities in Rural South Africa by Kathleen Rice Pdf

Rights and Responsibilities in Rural South Africa examines the gendered and generational conflicts surrounding social change in South Africa's rural Eastern Cape roughly twenty years after the end of Apartheid. In post-Apartheid South Africa, rights-based public discourse and state practices promote liberal, autonomous, and egalitarian notions of personhood, yet widespread unemployment and poverty demand that people rely closely on one another and forge relationships that disrupt the gendered and generational hierarchies framed as traditional and culturally authentic. Kathleen Rice examines the ways these tensions and restructurings lead to uncertainties about how South Africans should live together in their daily lives, with particular implications for understanding and responding to widespread gendered and sexual conflict and violence. Focusing particularly on the women of the village of Mhlambini, Rights and Responsibilities in Rural South Africa offers compelling portraits of how they experience and navigate widespread social and economic change and presents their experiences as a way of understanding how people navigate the moral ambiguities of contemporary South African life.

Positioning Pensions for the Twenty-First Century

Michael S. Gordon,Olivia S. Mitchell,Marc M. Twinney
Positioning Pensions for the Twenty First Century Book PDF

Author : Michael S. Gordon,Olivia S. Mitchell,Marc M. Twinney
Publisher : University of Pennsylvania Press
Page : 278 pages
File Size : 46,5 Mb
Release : 1997-04-29
Category : Business & Economics
ISBN : 0812233913

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Positioning Pensions for the Twenty-First Century by Michael S. Gordon,Olivia S. Mitchell,Marc M. Twinney Pdf

As the United States comes to terms with the pending insolvency of social security, workers are increasingly pinning their hopes for retirement adequacy on employer-sponsored plans. Positioning Pensions for the Twenty-First Century analyzes the role of pensions in retirement security, examining how these programs will evolve to meet the challenges to our nation's retirement system. The book brings together a team of leading economists, corporate and labor specialists, actuaries, and policy experts to examine the future of retirement options within the context of emerging labor and business trends and innovative developments in the pension community. They show how a successful public and private pension system can be sustained and strengthened and demonstrate how employer pensions can be configured against a delicately financed social insurance system. The book's contributions examine where pensions have succeeded and failed over the last several decades and point to positive new developments in the pension arena. Its coverage includes innovative pension options such as hybrid and cash-balance plans; pension funding regulations; changes in GATT laws altering pension insurance premiums; and emerging developments concerning administrative costs and pension obligation bonds. It also features new research on defined contribution plan investment options and includes three case studies of participant-directed pension investments, telling how thousands of workers are allocating their pension savings in 401(k) and related plans. Positioning Pensions for the Twenty-First Century is essential reading for all managers, employees, and policymakers concerned with designing pension systems that can withstand the challenges of the next decade.

Reforming Pensions in Developing and Transition Countries

K. Hujo
Reforming Pensions in Developing and Transition Countries Book PDF

Author : K. Hujo
Publisher : Springer
Page : 211 pages
File Size : 48,8 Mb
Release : 2014-08-22
Category : Business & Economics
ISBN : 9781137396112

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Reforming Pensions in Developing and Transition Countries by K. Hujo Pdf

This book moves beyond technical studies of pension systems by addressing the political economy of pension reform in different contexts. It provides insights into key issues related to pension policy and its developmental implications, drawing on selected country studies in Africa, Asia, Eastern Europe, the Middle East, and Latin America.

Private Pensions Series Pension Reform in the Baltic Countries

OECD
Private Pensions Series Pension Reform in the Baltic Countries Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 266 pages
File Size : 52,8 Mb
Release : 2004-04-08
Category : Electronic
ISBN : 9789264021068

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Private Pensions Series Pension Reform in the Baltic Countries by OECD Pdf

This publication contains individual country reports, comparative analysis from a regional perspective and examines key policy issues in the private pension sector in the Baltics.

The Oxford Handbook of Pensions and Retirement Income

Gordon L. Clark,Alicia H. Munnell,J. Michael Orszag
The Oxford Handbook of Pensions and Retirement Income Book PDF

Author : Gordon L. Clark,Alicia H. Munnell,J. Michael Orszag
Publisher : Oxford University Press, USA
Page : 954 pages
File Size : 48,7 Mb
Release : 2006-07-20
Category : Business & Economics
ISBN : 0199272468

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The Oxford Handbook of Pensions and Retirement Income by Gordon L. Clark,Alicia H. Munnell,J. Michael Orszag Pdf

This handbook draws on research from a range of academic disciplines to reflect on the implications for provisions of pension and retirement income of demographic ageing. it reviews the latest research, policy related tools, analytical methods and techniques and major theoretical frameworks.